FixNet: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FixNet
Largest movements
- Cash -€7,324
down €7,324 (-53.3%), from €13,750 to €6,426
mainly Trade debts (-€10,017) and Debts after one year (-€3,516)
- Tangible fixed assets -€4,871
down €4,871 (-30.6%), from €15,900 to €11,029
- Receivables within one year -€3,366
down €3,366 (-28.9%), from €11,648 to €8,282
of which Trade receivables: -€4,245
- Deferred charges and accrued income +€690
up €690 (+90.7%), from €761 to €1,451
- Trade debts -€10,017
down €10,017 (-100.0%), from €10,017 to €0
- Reserves +€4,645
up €4,645 (+37.0%), from €12,560 to €17,205
- Debts after one year -€3,516
down €3,516 (-46.9%), from €7,495 to €3,979
- Tax, wage and social debts -€3,500
no longer reported in 2025 (was €3,500)
- Other debts -€2,935
down €2,935 (-97.8%), from €3,000 to €65
- Gross operating margin -€11,312
down €11,312 (-46.2%), from €24,504 to €13,192
- Taxes -€3,779
down €3,779 (-63.0%), from €6,000 to €2,221
- Other operating charges -€365
down €365 (-35.5%), from €1,030 to €665
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,943 | €27,765 | -€15,178 | -35.3% |
| Formation expenses | 20 | €884 | €578 | -€307 | -34.7% |
| Fixed assets | 21/28 | €15,900 | €11,029 | -€4,871 | -30.6% |
| Tangible fixed assets | 22/27 | €15,900 | €11,029 | -€4,871 | -30.6% |
| Furniture and vehicles | 24 | €15,900 | €11,029 | -€4,871 | -30.6% |
| Current assets | 29/58 | €26,159 | €16,159 | -€10,000 | -38.2% |
| Amounts receivable within one year | 40/41 | €11,648 | €8,282 | -€3,366 | -28.9% |
| Trade receivables | 40 | €7,161 | €2,917 | -€4,245 | -59.3% |
| Other amounts receivable | 41 | €4,487 | €5,365 | +€878 | +19.6% |
| Cash at bank and in hand | 54/58 | €13,750 | €6,426 | -€7,324 | -53.3% |
| Deferred charges and accrued income | 490/1 | €761 | €1,451 | +€690 | +90.7% |
| Total equity and liabilities | 10/49 | €42,943 | €27,765 | -€15,178 | -35.3% |
| Equity | 10/15 | €15,560 | €20,205 | +€4,645 | +29.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,560 | €17,205 | +€4,645 | +37.0% |
| Distributable reserves | 133 | €12,560 | €17,205 | +€4,645 | +37.0% |
| Amounts payable | 17/49 | €27,383 | €7,560 | -€19,823 | -72.4% |
| Amounts payable after more than one year | 17 | €7,495 | €3,979 | -€3,516 | -46.9% |
| Financial debts | 170/4 | €7,495 | €3,979 | -€3,516 | -46.9% |
| Amounts payable within one year | 42/48 | €19,888 | €3,581 | -€16,307 | -82.0% |
| Current portion of amounts payable after more than one year | 42 | €3,371 | €3,516 | +€145 | +4.3% |
| Trade debts | 44 | €10,017 | €0 | -€10,017 | -100.0% |
| Suppliers | 440/4 | €10,017 | €0 | -€10,017 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,500 | - | -€3,500 | |
| Taxes | 450/3 | €3,500 | - | -€3,500 | |
| Other amounts payable | 47/48 | €3,000 | €65 | -€2,935 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,944 | €5,178 | +€234 | +4.7% |
| Other operating charges | 640/8 | €1,030 | €665 | -€365 | -35.5% |
| Gross operating margin | 9900 | €24,504 | €13,192 | -€11,312 | -46.2% |
| Operating profit (loss) | 9901 | €18,530 | €7,349 | -€11,181 | -60.3% |
| Financial charges | 65/66B | €639 | €484 | -€156 | -24.3% |
| Recurring financial charges | 65 | €639 | €484 | -€156 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €17,891 | €6,866 | -€11,025 | -61.6% |
| Income taxes | 67/77 | €6,000 | €2,221 | -€3,779 | -63.0% |
| Profit (loss) for the period | 9904 | €11,891 | €4,645 | -€7,246 | -60.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,891 | €4,645 | -€7,246 | -60.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.